×
74 722
Fashion Jobs
URBN
Free People Junior Account Executive - la Showroom
Permanent · LOS ANGELES
URBN
Urban Outfitters Buyer - Dresses
Permanent · PHILADELPHIA
COLUMBIA
Global Merchandising Manager – Equipment & Accessories
Permanent · PORTLAND
SOREL
Director, Ecommerce
Permanent · PORTLAND
OLD NAVY
General Manager - Eastchase Plaza
Permanent · MONTGOMERY
JCPENNEY
Asset Protection Manager, Holyoke, ma
Permanent · Holyoke
NORDSTROM
Asset Protection - Security Ambassador - Northshore
Permanent · Peabody
NORDSTROM
Asset Protection - Agent - Belle Isle Station Rack
Permanent · Oklahoma City
NORDSTROM
Asset Protection - Agent - City Creek Center
Permanent · Salt Lake City
RALPH LAUREN
General Manager
Permanent · Southampton
URBN
pv Rittenhouse | Assistant General Manager (m&v)
Permanent · PHILADELPHIA
URBN
Free People Assistant Visual Manager
Permanent · NASHVILLE
SACKS
Lead, Inventory Control And Quality Insurance, 2nd Shift
Permanent · WILKES-BARRE
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · Warsaw
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · North Andover
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · Saint Joseph
KOHLS
Senior Product Manager, Marketplace, Remote
Permanent · Menomonee Falls
SALLY BEAUTY CORPORATE
00014 Certified Color Consultant
Permanent · LOS ANGELES
SALLY BEAUTY CORPORATE
Usa-100598-Product Owner - Digital
Permanent · DENTON
SALLY BEAUTY CORPORATE
Usa-100598-Product Owner - Digital
Permanent · DENTON
DECKERS
Stock Operations Lead, Ugg
Permanent · WHITE PLAINS
BLOOMINGDALE'S
Manager, Sales - Shoes/Handbags
Permanent · HUNTINGTON STATION
Published
Oct 15, 2018
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Claire’s UK planning to close stores as it considers CVA

Published
Oct 15, 2018

A number of Claire’s stores in the UK face an uncertain future as the accessories retailer considers a number of restructuring options, including a CVA.


Claire's Latinoamérica


The company is the latest in a string of retailers to show signs of trouble in the highly competitive and challenging UK retail market.

It comes days after the retailer’s US parent company completed its financial restructuring and emerged from Chapter 11 bankruptcy, with CEO Ron Marshall describing Claire’s as a “healthier, more profitable company.”

But the company continues to struggle in the UK, and is working with restructuring firm Alix Partners on a number of options, reported the Press Association on Monday.

These include a Company Voluntary Agreement, a controversial insolvency procedure which has helped several other British retailers, including New Look and Mothercare, close stores and renegotiate rents.

Claire’s has 370 stores in the UK and dozens of concessions, its most recent accounts showed. If it moves ahead with a CVA, more than a hundred jobs could be lost.

The chain specialises in fashion jewellery and accessories primarily aimed at girls and young women. It filed for bankruptcy in the US in March to eliminate a substantial portion of debt from its balance sheet. Like many others, Claire’s has struggled as mall traffic has declined and consumer spending has shifted from physical retail to online.

Copyright © 2023 FashionNetwork.com All rights reserved.